Mortgage Bonds are advancing higher so far today, after two days of healthy gains. Better still, they appear to have some room before reaching resistance at the 200-Day Moving Average.
In other news, the US Dollar is rebounding higher against global currencies. This is causing a sell-off in Oil and putting downward pressure on Stocks in shares of energy, mining and other natural resource companies. Also today, the New York State manufacturing index came in weaker than estimates, indicating that the US economy is still very weak.
I recommend floating for now. But with Stocks and Bonds essentially slugging it out near their respective 200-Day Moving Averages, the situation could change quickly. So be prepared to lock.
Leonard Winslow
Monday, June 15, 2009
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- Bias to lock
- Bias to lock
- Mortgage rates Charlottesville
- Mortgage rates Charlottesville
- How long would it take to evict former owner (but ...
- How long would it take to evict former owner (but ...
- Foreclose On My House, Please!!!!
- Foreclose On My House, Please!!!!
- Different Types of Loans
- Different Types of Loans
- Evander Holyfield continues to face financial woes
- Evander Holyfield continues to face financial woes
- Freddie Mac REO Homes in Charlottesville 6/25/2009
- Freddie Mac REO Homes in Charlottesville 6/25/2009
- Bond Comment
- Bond Comment
- Fed Day
- Fed Day
- HUD releases guidance on Protecting Tenants at For...
- HUD releases guidance on Protecting Tenants at For...
- Dumping Your Debt
- Dumping Your Debt
- 10 Mistakes Buyers Make When Purchasing a Home
- 10 Mistakes Buyers Make When Purchasing a Home
- Alert to lock
- Alert to lock
- Bond Market Comment
- Bond Market Comment
- Daily comment
- Daily comment
- Week In Review
- Week In Review
- A Recent History of the Housing Market http://char...
- A Recent History of the Housing Market http://char...
- A Recent History of the Housing Market
- A Recent History of the Housing Market
- Alert to lock
- Alert to lock
- Bond Market Comment
- Bond Market Comment
- Use Caution
- Use Caution
- Pushing 200 Day moving average
- Pushing 200 Day moving average
- Mortgage Rate watch 6-12-09 from Leonard Winslow
- Mortgage Rate watch 6-12-09 from Leonard Winslow
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